[Chart courtesy of MarketWatch.com] Moving the markets The markets were nervous as they awaited the CPI report for July, which will be released tomorrow, and the PPI report for the same month, which will come out on Friday. These reports will show how much prices have changed for consumers and producers, and they may influence the Fed’s decision on interest …
China, Italy And Moody’s Spoil The Market Mood
[Chart courtesy of MarketWatch.com] Moving the markets The market opened with a thud today, as investors dumped stocks amid a slew of bad news from around the world. China reported dismal trade data, showing a sharp drop in both imports and exports. Italy slapped its banks with a surprise tax hike, sparking fears of a new debt crisis. And Moody’s …
Market Bounces Back On Earnings Strength, But VIX Looms Large
[Chart courtesy of MarketWatch.com] Moving the markets The Dow led the way in a bullish day for the stock market, while the Nasdaq trailed behind but managed to end its 4-day losing streak. Tesla was one of the laggards, dropping 2% amid a tech sell-off. The rally was fueled by strong earnings reports, as 80% of the S&P 500 companies …
ETF Tracker Newsletter For August 4, 2023
ETF Tracker StatSheet You can view the latest version here. Tech Split, Wage Spike, Market Dip, Oil Rip: A Mixed Bag for the Economy [Chart courtesy of MarketWatch.com] Moving the markets Tech giants Amazon and Apple had a split decision in their earnings reports yesterday. Amazon delivered a knockout, while Apple got knocked out. The result? A combined loss …
Bond Yields Spook Stocks For Third Day; Earnings Disappoint
[Chart courtesy of MarketWatch.com] Moving the markets The bond market was the bad guy today, as higher yields scared off stock buyers for the third day in a row. The 10-year yield jumped to 4.18%, the highest since last November, and the 30-year yield was close to its October peak. This hurt real estate stocks, which fell more than 1%, …
Wall Street Wakes Up to Reality After Fitch Cuts U.S. Credit Rating
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street got a wake-up call on Tuesday night when Fitch, a ratings agency, downgraded the U.S. credit rating from AAA to AA+, citing the worsening fiscal outlook for the next three years. But the U.S. sovereign risk didn’t seem to care much, as this chart shows, unless you compare the different presidential …